With an objective of bringing to the fore the success stories and potential of the leading Small and Medium Enterprises (SMEs) Dun & Bradstreet and The Karur Vysya Bank Ltd. joined hands to recognize and applaud the leading SMEs of India through SME Business Excellence Awards 2015 on November 23, 2015 in Delhi. TEMA India, one of the leading manufacturers of heat exchangers in the country, was recognized as the Best Global Business SME 2015.
SMEs are widely known as the backbone of industrial development. India is home for nearly 48 million SMEs which contribute more than 45% towards country’s industrial output, generating 40% of total exports and producing 1.3 million jobs every year. Though the Indian entrepreneurs have contributed immensely to the country’s economic and international evolution, yet the sector continues to struggle with the darkness of ignorance and lack of interest from masses.
Commenting on the development, Mr. Haresh Sippy, Managing Director, TEMA India, said “The small and medium scale enterprises play a crucial role in the socio-economic growth story of India. By facilitating employment and business avenues in rural and urban India, the sector provides equitable and inclusive growth across local economies. But in the changing times there is a heightened need to bring to light the success stories of the sector in an attempt to not only showcase the might of SMEs but also to attract, inspire and motivate entrepreneurs. I am deeply grateful towards Dun & Bradstreet for conceptualizing the SME Business Excellence Awards initiative which provides a platform for SMEs to show-case their performance and contributions to the growth of the nation”.
He further said, “This award highlights the high morale and the synergy that exists in team TEMA. I offer my deepest gratitude to all the employees of TEMA India who helped us to achieve this award.”
The ceremony also marked the release of sixth edition of Dun & Bradstreet’s premier publication ‘Leading SMEs of India 2015’ a leading compendium on the Indian SME industry, by chief guest Shri Jayant Sinha, Minister of State for Finance, Ministry of Finance, Government of India.